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People, in a panic, begin selling off all of their stocks for lower and lower prices. The Stock Market begins to dramatically decline.
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The day the Stock Market crashed. Thus began the Great Depression.
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It had only just begun.
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Hoover passes tariff hoping to protect American industry in time of economic downfall. However, other countries raise their tariffs in return, therby hurting the economy more. Highest tariff in history.
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Nearly 6,000 apple sellers filled the streets of New York, selling apples for 5 cents a piece.
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With millions suffering from poverty, malnutrition becomes common. People riot for food, with soup kitchens no longer being able to supply the demand.
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15-25 thousand WWI veterans camp in shantytowns in D.C. demanding their bonus checks. When some don't leave, General McArthur forces them out with tanks and tear gas.
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Highest it will be during the Depression.
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Blame for the Depression fell on Hoover. Americans wanted change when they voted for Roosevelt. Republicans suffered their second worst defeat in history.
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Created to save banks, enacted on "Bank Holiday."
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Dozens of alphabet agencies were created by Roosevelt to help the US get of of the Depression. They focused around relief, recovery, and reform.
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Father Charles Coughlin, a major radio personality, establishes the National Union for Social Justice.
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Three day dust storm stirs up 350 millions tons of soil, and blows it as far east as New York.
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Retirement pensions and unemployment insurance guaranteed.
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"The Kingfish," who proposed a "Share the Wealth" idea for America was a major threat to FDR. His assasination guaranteed FDR's reelection.
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One of the most well-known and influential photographs of the Depression and in America throughout history.
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Focusing around Okies migrating to California due to the dust bowl caused by the severe drought in the Great Plains region. The story is a very true portrayal of America at the time.
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With the bombing of Peral Harbor, the US enters into WWII, thus ending the Depression.
